Justin Sun causes a stir in Binance launchpool In Binance, to revei the airdrop, Binance investors need to invest TSUD and BNB in the launchpool. Justin Sun Attacks launchpool According to information from Whale Alerts, Justin Sun deposited 56,100,000 TUSD to Binance; this had erupted a controvercy. Binance has just launched SUI token in the launchpool, while the RDNT token launch is still going on. Justin Sun 's investment has been objected by investors, because this will…
@Yugocean in May 2023
Coinbase launches its international existence outside of US regulations Coinbase is the largest crypto exchange in the United States, listed on NASDAQ as a public company with a corporate office in Los Angeles, but now it is planning to leave the US! Introduced Coinbase International Coinbase has expanded its business to form an international platform. It is free from the regulations of the United States. With this new platform, Coinbase Pro will now just be the US branch of…
Miami is gearing up for Bitcoin conference 2023 The Bitcoin conference for this year will take place from May 18 to 20 in Miami, Florida, at its world-famous South Beach. The bitcoin world is gearing up, with many possibilities. Speakers are selected Speakers have been selected for the conference, and along with this, the preparations for the conference are being finalised. This bitcoin conference is attended by almost all the important figures of the crypto world. These…
Bitcoin country El Salvador is officially a Technology and Tax Heaven President Nayib Bukele of El Salvador is better known for making Bitcoin legal tender for the first time; now his other achievement is making his country a tax-free tech hub. Technology is Tax Free by Law President Bukele has given his approval to the "Innovation and Technology Manufacturing Incentives Act", which has now abolished income tax, wealth tax, capital gains tax, and import duties on hardware…
Major Exchanges are Opening doors for the New Meme Token New meme tokens are appreciating in an amazing way, this may be the result of the effect of FOMO fact among investors. SUI Sui is produced by Mysten Labs. Misten Labs, the team wchounded by Meta's Novi Research team. The maximum number of SUI tokens is 10 billion. It was launched on Binance Launchpool, also listed on KuCoin and Bithumb. Huobi has also announced to list Sui.F Floki Floki is named on Elon Musk &s Shiba…
Hundreds of banks in US are on the verge of bankruptcy The FED's actions in the fight against inflation and Bitcoin have cost the banks capital. Many large banks have shut down, and many more are getting ready to follow. 722 Banks in heave losses According to records from the FED that were published in April 2023, there are 722 banks in the US that have reported unrealized losses that are greater than 50% of their capital, This may be considered as the beginning of the bank…
Network Congestion Problem in Binance Bitcoin withdrawals were temporarily suspended by Binance on 7th May 2023; this situation lasted for less than an hour, but it caused quite a stir in the crypto world. Binance blames network congestion. What is network congestion? Binance has claimed that bitcoin withdrawals had to be suspended due to network congestion. Network congestion refers to the situation when data transfer exceeds the capacity of a network node; this reduces the…
Bitboy Supports New Memecoin BEN in Bear Market Prominent crypto analyst Bitboy (Ben Armstrong) has generated bizarre controversy for his supporters and detractors by promoting a new memecoin, $BEN. Suspicious motion The condition of the crypto market has deteriorated. Bitcoin price has dropped below $28k, followed by major altcoins with he Prominent crypto analyst Bitboy (Ben Armstrong) has generated bizarre controversy for his supporters and detractors by promoting a new…
Coinbase may make the UAE its international hub Recently, the Fintech Summit was organised in Dubai, the capital of the United Arab Emirates, where Coinbase CEO Brain Armstrong gave the idea of making Coinbase a hub. Legal Troubles in the US Lack of political will in the US and excessive administrative control have forced the crypto industry to leave the country. Coinbase is currently fighting a legal battle with the SEC, and Ripple Lab, a veteran of a long legal battle with…
Industries Launches its own Blockchain The business community seems to be regretting its ignorance about crypto; it has developed its own blockchain known as Canton. What is Canton Network? Canton Network is the DAML smart contract language developed by Digital Asset, which defines eligibility to view and change a given contract, this l Canton a scalable and privacy-enabled blockchain platform. Canton's Protocol allows individual ledgers to merge into a global ledger. The…
PEPE becomes first Non Musk memecoin to beat A few weeks ago, $PEPE came out of nowhere. It has since started to fall at the same rate it rose, but in the interim, it has risen to become the third-largest memecoin in the cryptocurrency market. Elon Musk factor on Top Memecoins Dogecoin is the original memecoin, and it is also the largest memecoin. Its popularity comes from being the favourite crypt of Elon Musk. Shiba Inu is the second main memecoin. Its popularity is due to…
Linda Yaccarino is Twitter's new CEO Elon Musk, the owner of Twitter, has named Linda Yaccarino to the position of CEO. After that, Musk will oversee the responsibilities of executive chairman and CTO. A choice of Controversies ? Supporters of Elon Musk are happy about this since they believe he won't make a bad choice. However, Linda Yacarino's appointment as CEO of Twitter was not well received by many due to her affiliation with NBCUniversal and the World Economic Forum,…
Federal vs State in US after Florida bans CBDC A bill that excludes CBDCs from the UCC's definition of "money" was approved by the Florida Governor Ronald Dion DeSantis. As a result, CBDCs cannot be used as currency within the state. **Ban on CBDC** **Similar to Florida** - South Carolina, Ohio, Indiana, Arizona, and Texas have introduced measures that forbid the use of CBDCs as currency. **In contrast to Florida** - New Hampshire and North Carolina bills do not consider…
North America is on the verge of losing the crypto industry North America is the main trade location, however, owing to heavy political pressure, the banking industry there is failing and the cryptocurrency companies are leaving. Coinbase and Kraken are leaving the US; Binance is departing Canada. Binance is ceasing operations in Canada as a result of differences with the new rules established to control the country's cryptocurrency market. BinanceUS may possibly be shut…
Elliptic hacking report, a True illusion According to the Elliptic study, North Korean hackers, known as the Hermit Kingdom hackers, hacked $2.3 billion worth of crypto between 2017 and 2022, with Japan accounting for 30% of the losses, the highest figure for any country. The Source Says All Its source is Britain's crypto analysis firm, Elliptic. Although Elliptic hasn't provided simple analysis, it has a haphazard record of studies. The Japanese newspaper Nikkei has made…
EU Crypto Law MiCA is approved by EU The Markets in Crypto-Assets (MiCA) legislation has been ratified by the European Union, it will become effective in the middle of 2024. This law lays down guidelines for the use, trade, and operation of crypto in Europe THE GOOD **(Anti Fraud Protection)** MiCA will control the uncontrolled to address the issue of crypto scam and fraud by regulating centralized crypto platforms across the entire euro zone, and this will protect the…
Ledger hardware wallet in hot soup with the release of Ledger Recover Popular self-hosted hardware wallet Ledger has released a feature called Recover, by which the seed phrase can be reset. This has caused uneasiness among laser users. Its problems are no less grave. Security Breach Crypto lives in the blockchain; the wallet is only the door. A key or seed phrase is required to access it. The ability to reset the seed phrase makes it more inconvenient, as the wallet seed is…
Bitcoin Conference 2023 Begins The Bitcoin Conference for the year 2023 has begun on the world-famous South Beach of Miami, Florida. This convention will run from May 18 to May 20. El Salvador Example One cannot forget the first bitcoin country when the largest bitcoin conference is taking place. All eyes are on El Salvador, which also has a booth there reassuring bitcoin enthusiasts that their investment is secure even after a decline in value by conveying the line "1 BTC =…
Texas Senate Approves Bill that makes Crypto Exchanges to submit Proof of Reserves The Texas Senate has passed House Bill 1666, which deals with ensuring verification of the declared reserves by crypto exchanges. It will become law in Texas as soon as the governor signs it. Proof of Reserve (PoR) Cryptocurrency exchanges often claim to have a 1:1 ratio of reserves, and in order to prove this, they keep presenting some proof of reserve. However, such PoR are optional, and not…
Bitboy in soup over spilling BEN Bitboy (Ben Armstrong), the crypto analyst who exposed SBF and its FTX empire, has been in the lurch since the $BEN token betrayal. The $BEN Suspense Bitboy was promoting the $BEN token because his real name is Ben. Many people claimed that Bitboy was the founder of Ben Token, but Bitboy denied this. As the value of Ben increased, people also suspected that Bitboy might sell his tokens and dump Ben. To avoid this doubt, Bitboy announced that…
Happy Bitcoin Pizza Day Bitcoin Pizza Day is celebrated by the crypto world in honor of the first commercial use of bitcoin on May 18 and 22, 2010. **First commercial use of bitcoin** Florida computer programmer Laszlo Hanyecz offered 10,000 bitcoins in exchange for two large pizzas on the bitcointalk forum on May 18, 2010, at 12:35:20 AM. No one took this seriously, but on May 22, 2010, at 7:17:26 PM, Laszlo updated to say the deal was done. The deal was struck with…
EU fine on Meta might have far-reaching effects The European Union has fined Mark Zuckerberg's company Meta $1.3 billion for breaching data rules after it was found guilty of sending Europeans' data to the US. This might have far-reaching effects. Google may be on target. The fine imposed on Meta is telling that, under the rules of the European Union, the privacy of Europeans has been taken care of in such a way that their data does not go out of Europe. Then it can also be…
FTX reboot in process for FTX 2.0 FTX CEO John Ray III plans to reboot the company; the crypto world is calling it FTX 2.0. FTX: Ruins of an Empire FTX was founded by crypto scammer SBF, based on a scam that was skillfully expanded into a crypto empire. It was enhanced by giving "contributions" to politicians and authorities. But as soon as its fraud became apparent, it collapsed. John Ray III, its new CEO, aims to revive it. Restoration initiatives This time, FTX has been…
United States Seeks Pro Bitcoin President Nayib Bukele, the President of El Salvador, had predicted that the next US presidential election would be held on the issue of bitcoin, which is turning out to be very accurate. Pro Bitcoin President As the presidential election in the United States of America draws near, Bitcoin is gaining ground. More and more bitcoiners are contesting the election. Robert F. Kennedy Jr. and Vivek Ramaswamy were already in the running for US…
The power of bitcoin increased The strength of Bitcoin lies in its popularity, which no one can deny. Those who banned it until yesterday are now trying to make their existence known in its name. Bitcoin returns to China Even China, which once banned Bitcoin 13 times in 12 months, is now tired of making claims to control and eliminate it. The ban has already been lifted in Hong Kong, and there is no ban on it in China either. Control cannot be done, so China can also give an…
Digital Currency Group in Big Trouble The Digital Currency Group (DCG), which once made billions in the crypto world, is now in crisis. Recently, the group decided to shut down its trading subsidiary, TradeBlock, and this is exposing the crisis. **It all started with Genesis** When Genesis, a DCG subsidiary suffering financial losses from the FTX scam, stopped withdrawals, it also sent Genesis's investors (such as the Gemini Exchange) into bankruptcy. At the time, the DCG…
Peter Schiff Enters the Field of Bitcoin and NFTs Banker, gold trader, and known bitcoin detractor Peter Schiff has caused a stir by announcing his participation in a forthcoming art auction of non-fungible tokens (NFTs) created on the bitcoin blockchain. **The Golden Triumph NFT collection** The NFT in question was produced from the artwork "Golden Triumph." A total of 50 collectibles were made in this limited edition, and each one has Schiff's signature in addition to the…
IRS to become an issue in the US presidential election? The federal agencies of the US government like IRS, FBI, DOJ, etc are becoming a presidential campaign issue, but main is IRS, as Inflation is making public discontent grow against tax burden . Mood in Election The Internal Revenue Service (IRS) is the agency that raises money for the government by taxing the public's income. But its biggest problem is the exorbitant expenditure on it, which is more than what it…
Bali Governor Threatens Tourists Against Using Cryptocurrencies Bali (Indonesia) Governor Wayne Koster has warned of strict action against tourists using crypto, or rather threatening tourists, which is not good for business. **Status of crypto in indonesia** Crypto is not banned in Indonesia. For some time, the cryptocurrency was under the control of the Ministry of Trade. Commodity agency BAPPEBTI was regulating crypto, like a commodity, but in January this year the crypto…
New Comparison of Bitcoin and Ethereum Bitcoin and Ethereum are the two original rivals in the crypto world. Comparing the two is complicated, so it's hard to know which is better. Overall, both are more than one. **A New Comparison On Price** Bitcoin briefly rose above $28k in a bearish market, but its value fell within a few hours, while Ethereum made minor gains, yet it crossed $1.9k and lasted more permanently than BTC. From this, it seems that the effect of Ethereum on…
Bottom-out Unplanned Layoff in Binance Binance, the largest work-from-home platform in the crypto industry, has started layoffs, and it is estimated that Binance may lay off 20% of its 8K employees. **CZ rejects layoff plan but admits firing under bottom-out program** CZ calls the firing plan a rumour, giving his familiar "number 4" (FUD). CZ described it as Binance's "bottom out" program rather than layoffs, it is firing employees who can't adapt to the work-from-home…